Predator Oil Share Chat (PRD)

OK, cheers Lochnez, wasn't aware, that makes the Spanish position all the more intriguing. I'd have thought all the more reason to keep the Algerians onside and not irk them.

It’s not directly related nicidemus, but don’t think it’s been posted on here yet. This week, Sonatrach/Algeria announced their biggest singular gas find in 20 years - up to 12 TCF that can be bought online in 5-6 months owing to proximity to existing infrastructure…

Now that's interesting Turtlewax . Algeria had originally guaranteed Spain's supply via the Medgaz pipeline on the condition that they wouldn't sell on gas to Morocco via the Maghreb pipeline.

Question is, at such a time of energy crunch, why are the Spanish no longer kowtowing to Algeria? Are they confident that their needs will be satisfied from elsewhere?

I always make my own mind up on investment decisions.

But I do base them on my own research (and a fair degree of gut instinct).

But I watch very closely who says what about stocks (on the bigger stocks, it in the investment bank equity analysts - some are excellent, many are risible).

In the smaller caps, it is the BB's that really provide the best insight.

And this one is particularly brilliant in my view, with more than a few very high quality posters (including some whose posts are usually very insightful but where there might appear to have been a speed-wobble on the sanity sid e of late).

But when posters of the calibre or GRH and SmartBeds are saying similar things, that really gets me interested.

They often say: follow the smart money.

It is pretty good advice in my experience.

Noticed this in the annual report on page 39... apologies if I'm behind, but why would you be looking to expand to 5 already, if you weren't reasonably confident of drilling them all?
"The Group continues to be “drill-ready” with an in-country rig available to it under a rig option agreement with Star
Valley and an approved Environmental Impact Assessment (“EIA”) for TWO WELLS with a further 3 WELLS the subject a
separate EIA that is work IN PROGRESS.. New well locations and well budgets have to be approved by its government
partner ONHYM. It is anticipated at present that follow-up drilling operations to MOU-1 will take place during 2022. "

I remember the flare at Tendrara, it was like a rocket taking off.

The_Cube
??@__The_Cube__??

??@GrahamHengland?? Agree with this.

Farming in to appraisal is much more attractive. Nutech underpins.

Soon to become development wells.

Crazy equity. Blows my mind.

_CUBE$_
 
01/07/2022, 16:20
 
 

All I’m interested I. Is ROI , the rest is geology

I remember ...like it was yesterday...having very many meetings in a Sevenoaks Italian cafe...
with a certain head of exploration (Who I like )

the Tendrara location that we were discussing was at 8% porosity I recall

Can't remember the charge or permeability ...
as I don't have my notes with me

I have posted many times:

E = POR X PERM X CHARGE

Its not 'debatable'
Its not what it might be

It's what it is

I like E (no, not that stuff)

Regards
GRH

Good afternoon everyone...quiet day on bb and Grand prix practice sessions are now on afternoon break (more of a gentle trundle really )so done a little bit of reading (again) of annual report...
I honestly can't remember the % figures and porosity being reported as being this high ...

"Post-well reservoir characterisation by Houston-based NuTech interpreted a gross TGB-2 interval between 1,226.5
and 1,300 metres TVD MD with 12 metres of net potential gas pay, with a maximum porosity of 29% in one sand and a corresponding maximum gas saturation of 70%. Five separate zones within this interval have been selected for
perforating during rigless testing in 2022."
Anyhow back to reading to try and find more snippets.
Gla
Taff
Bdt

Afternoon

A friend reminded me earlier of a simple factoid...

I am very grateful to him as I had almost lost sight of a point...remiss of me...sorry!

What if the new locations were not to be exploration wells????

I had posted previously on the point but there may now be fresh focus!!!!

What if they were classed as APPRAISAL WELLS????

The risked bang per buck is off the scale...as far as shareholders are concerned

I have tweeted that before

But here is THE THING...

What if the risked bang per buck is way off the scale...

For farm in partners!

I strongly suspect it is

Regards
GRH

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/062922-spain-begins-gas-re-exports-to-morocco-via-gme-pipeline-enagas

https://tradingeconomics.com/commodity/eu-natural-gas

Gas futures linked to TTF extended their upside momentum towards the €150 mark, a level not seen since early March, as investors grew concerned about tightening supplies. Gazprom has recently cut gas supplies to the EU, jeopardizing the bloc's objectives to fill 80% of storage capacity before winter. Germany, the EU's largest economy and Gazprom's biggest client in the bloc, has already enacted the second stage of its emergency gas plan, which includes tighter monitoring of the market and the reactivation of coal-fired plants. Exacerbating concerns about scarce supply were disrupted shipments from Norway, the world's third-largest exporter, after Norway's Martin Linge field reduced capacity due to a compressor failure. The European benchmark has soared more than 50% in June, its biggest monthly gain since September 2021.

Spectre,

That was one of the great posts on the BB.

Much wisdom contained in that.

And a fair dollop of decency thrown in. That is always good to see in a world seemingly gone mad.

I may be right, I may be wrong (I do not think so) but I believe PRD has achieved a lot of great things to date (not currently reflected fairly in the SP - I remain very confident that mis-pircing will correct itself, given a bit of time).

Have a good weekend all and GLA.

Morning Gals and Guys

Freedom, at it's heart, is being free to be who we are. All on this board are free to invest in PRD, or not. But why use that hard-won freedom to viciously attack GRH, with frankly some very nasty comments?

When I read GRH and other very knowledgeable posters I don't see bragging. I read experience, knowledge, research and successful track record, over many decades. I am very grateful to, and very respectful of, people who know more about a subject than I do, AND ARE PREPARED TO SHARE their hard won knowledge.

I then do MY OWN research and reach my own conclusions. And lay my money down. Or not.

If there are posters with whom you disagree, engage in disciplined argument. Failing that, place them nicely in the bin.

So where are we PRD shareholders today? The futures bright.

In Ireland the winds of change are finally starting to stir (ref Keith's posts yesterday quoting officials from within the DECC) .

I still can't see why some think this is a pipedream. To me PRD's FSRU, Corrib South and Ram Head solutions are all obvious go-to's for an Irish government that has been in denial for far too long, and soon will have no choice. The final piece of info requested for Corrib South and Ram Head was acknowledged as received on 19 April. Good news is coming

In Trinidad, the second half has started and PRD are right in the maul with everything to play for. So much legacy heavy oil to move, so much monopolised CO2 available, and PRD's Proof of Concept front and centre for Minister Young to encourage, cajole and incentivise producers with. Good news is coming

And Guercif. All the talk about JV negotiations failing, partners walking away, delays in drilling, is just noise. The drilling campaign WILL be funded for two very basic reasons. First, it is not a lot of money, £10m for three wells (compare with Anchois) and second, the WORLD needs Gas and Oil desperately ( Lancy's posts this morning) and ONHYM ain't gonna let this enormous potential slide for want of £10m.

So, we might get positive financial news in two weeks time, or eight weeks time. Or it might be Wednesday of next week. It will come. My belief is sooner rather than later. PG and Lonny are on it.

The message from all this?

In strategic terms PRD has reached the end of the beginning. Everything is now poised for the final 12-18 months to monetization. Have patience. The rewards will come.

A final thought for those who feel the need to get personal on this forum. Read "If" again. Look long and hard in the mirror. Think about the Ukrainian soldier, right now, prepared to die for her, her families, and her country's freedom. And then really reflect on what you are about to post regarding a micro-cap on a rocky, tumultuous and epic journey.

I know at least one person objects to this final phrase. I make no apology. It's a moral I stand by.

Hold the line.

I remember reading that, mind blowing and thank you so much. I remember it because I didn’t sleep that night, nor the night after.

Loud and clear, more reading for me. My focus hasn’t been there as I have lots going on. Thought I’d fire up some chat this morning and glad I did.

You will notice reference in the Annual Report to Anchois

Look at the 'up to 5x' reference!

WHAT has an old boy been droning on about!

Regards
GRH

Morning...
Anyone invested here...or considering investing

You might want to read the annual Report...staggering stuff

Alongside THIS...

Posted before
but interested folk really need to spend time on it... understand it...
every bit of it

Tour de force
Tour ' horizon

https://www.reddit.com/r/PredatorOilandGasPRD/comments/ulaxgv/morocco_the_state_of_play/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

My wonderful Wife's Birthday today so will be focused elsewhere

Regards
TO ALL GENUINES

GRH

Ford, ref Nakilat I’m not sure what you’re trying to say, but don’t confuse LNG carriers with FSRU…

Morning all,

From the info supplied via the last two RNs there is the possibility that the Ardmore field may be the front runner when it comes to gas storage.

The question here is why develop a relatively small field, only 47bcm ? Unless the question was asked “have you got anything smaller”

In other words “We the greens” will be able to sell this project a lot easier than giving the go ahead for a Trillion plus gas field and storage development of which the Ram Head is.

However as per the end of year report, the Ardmore field is part of the Ram Head license, so once that is approved what is to stop the development for the remainder of the field and as stated the revenue generated from the development of the Ardmore Field will become self funding via the sell down of the virgin gas before it becomes a storage facility.

Our BOD don’t sit on their hands.

AIMHO of course.
Atb.
Wacky.

The largest fleet is owned by Nakilat. Their network is all over the world and they seem to have a port/base in the uk, Scotland I believe. It would be great to know who were talking to with our Morocco potential JV, it might be something they’re already into. Exciting stuff

No worries Ford. I recommend looking back over earlier presentations as the project cycles are fairly well laid out (and certainly won’t be getting any shorter in today’s execution environment).

From memory the critical path is the EPC contract of the buoy for mooring and transfer and subsequent offshore campaign, although that assumed that the FSRU was a plug and play lease of existing vessel from Hoegh. Can’t recall now if there was talk of a new build vessel cropping up in recent comms.

175 operating lng vessels with 200 on order. That’s a pretty big shift in terms of the way lng is coming together.

Ahh yes, a great reminder. He did say this winter however that was a couple of months ago now. I’d imagine they’d be a lot of paper work involved with that so we’ll have to see.